BSP CIRCULAR LETTER, January 13, 1994

[ BSP CIRCULAR LETTER, January 13, 1994 ]

MANUAL OF ACCOUNTS FOR COMMERCIAL BANKS

For purposes of ensuring uniform treatment of transactions related to the Special Guarantee Fund under the PCIC-Calf Guarantee Program the Revised Manual of Accounts for Commercial Banks and Expanded Commercial Banks is hereby amended, so as to change the existing general ledger account "Due to PCIC-Crop insurance Premium" to "Due to PCIC". The bank may create a new subsidiary ledger accounts for this purpose.

Adopted: 13 Jan. 1994

(SGD.) FELICIANO MIRANDA JR. Deputy director